Radiant has acquired the assets and goodwill of Doncaster-based IFA, Ethos Financial Solutions, which has £300m in AUA, as well as 18 members of staff, including 5 advisers.
The latest deals take Radiant’s staff numbers to 150 and assets under advice to £1.6bn.
Bringing together like-minded IFAs
Established in 2020, Radiant says that it differs from other consolidators in that it wants to brings together like-minded IFA firms that are committed to being client-centric.
The firm is led by CEO Simon Cogman-Hellier, who has more than 40 years’ experience in financial services. Simon was previously interim Managing Director of Bluefin Personal Consulting, formerly part of AXA. He was also Managing Director of IFA, Oval Financial Services, between 1993 and 2007, before its sale to Gallagher.
Simon and his senior team have significant experience both in the acquisition process itself and the post transaction integration of teams and businesses.
First transaction in Yorkshire
Ethos is Radiant’s first transaction in Yorkshire. Radiant plans to expand significantly in the region using Ethos as a hub.
Radiant continues to look for acquisition opportunities across the UK. The group is keen to speak with IFAs who would prefer to focus more on servicing their clients than having to deal with the “infrastructure” of the business. Radiant is also interested in talking to IFAs who are looking for a capital event as they focus on the next stage of their career or life in general.
Radiant only looks for target acquisitions where they share the same values as the IFA they acquire and aims to retain all staff following the acquisition.
Will Palmer, Director of Ethos, says: “It has been a long search to find a company to be part of that we really feel comfortable with. We are confident that joining Radiant will offer our fabulous staff both security and career development. Our clients, whom we value highly, will get continued stability and genuine Independent Financial Advice and service they can trust.”
“Myself and the team are excited to become part of the Radiant Team and look forward to a colourful future.”
Simon Cogman-Hellier says: “We’re extremely happy that the Ethos team has chosen to partner with us. They are an extremely well-run business, with a strong team of extremely well qualified staff.”
“We are really impressed with the business and believe they are an excellent fit in helping us provide client-centric advice and exceptional delivery as we look to expand across the North of England.”
“When IFAs are considering a new home for their business, we know it’s crucial that our values are in line with theirs. We also know it is vital that the staff in the business joining us are given the opportunity to thrive and grow within our group.”
“Radiant is not a typical consolidator. We don’t acquire businesses simply for the assets they advise on. The scale of funds under management is not a key factor for us when looking to partner with a business – much more important is the cultural fit. For us the post deal integration, making sure our new colleagues really thrive, is as important as the deal itself.”
“Radiant is run by a team of highly experienced industry leaders, who are passionate about providing truly impartial advice across all areas of financial planning. We see our staff and our clients as absolutely critical to what we do, their interests guide our decision making.”
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